In Mrs D and Mr I Fountain v HMRC [2015] UKFTT 419 (24 August 2015) the FTT found that principal private residence relief was not available in relation to the sale of a plot which had formed part of a larger estate.
Mr and Mrs Fountain had lived at 31 Doddington Road a piece of land comprising a house a workshop a parking area and two farmed fields. The property had then been divided into five building plots. Plot 1 was adjacent to the house and plot 2 was to the west of plot 1. Mr and Mrs Fountain built a new home on plot 4 which they moved into in January 2007. Plot 2 was sold in December 2009 and the issue was whether principal private residence relief applied to the sale. This depended on whether...
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In Mrs D and Mr I Fountain v HMRC [2015] UKFTT 419 (24 August 2015) the FTT found that principal private residence relief was not available in relation to the sale of a plot which had formed part of a larger estate.
Mr and Mrs Fountain had lived at 31 Doddington Road a piece of land comprising a house a workshop a parking area and two farmed fields. The property had then been divided into five building plots. Plot 1 was adjacent to the house and plot 2 was to the west of plot 1. Mr and Mrs Fountain built a new home on plot 4 which they moved into in January 2007. Plot 2 was sold in December 2009 and the issue was whether principal private residence relief applied to the sale. This depended on whether...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")